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Commodities

Codelco hangs on to top copper status, just ahead of BHP

Codelco has retained its status as the world’s biggest copper producer by the slimmest of margins after reporting 2024 output that nudged past that of BHP Group.

Copper extends retreat as U.S. supply dislocations could end soon

Copper extended a retreat from a nine-month high on speculation that supply dislocations — fueled by the possibility of upcoming US tariffs — may end sooner than had been expected.

Gold rises to record as trade war concerns drive haven demand

Gold rose to a record as concerns about a widening trade war remained front of mind for investors, after U.S. President Donald Trump pushed ahead with U.S. tariffs on all auto imports. 

CoreWeave raises $1.5 Billion in eownsized IPO below price target

CoreWeave Inc. raised $1.5 billion in its initial public offering, a downsized deal that reflects how stock market volatility is hurting demand for even highly anticipated listings.

Nippon Steel Slumps on $7 Billion U.S. steel investment report

Nippon Steel Corp. shares slumped on Friday on a report that the company is considering investing as much as $7 billion to upgrade United States Steel Corp. facilities if it wins approval for its proposed $14.1 billion takeover.

U.S. judge rules against sale of Gulf of Mexico oil drilling rights

A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf of Mexico, faulting the government with failing to sufficiently analyze its possible effects on the climate and endangered whales.

Pre-tariff rush pushes Canadian crude to strongest in four years

Canadian heavy crude is trading at the smallest discount to benchmark U.S. oil in almost four years after a rush of sales to beat tariffs drained the country’s inventories. 

Coming to a store near you: double-digit coffee price hikes

If your favorite coffee beans have vanished from the shelves, don’t worry - they will return soon. The bad news is they will be up to 25 per cent more expensive.

Canadian crude exporters are unintended recipients of Trump bump: Bousso

Canadian oil producers selling crude to U.S. refiners are enjoying a significant windfall, and they have one man to thank: U.S. President Donald Trump.

Oil holds gain as U.S. posts biggest drop in stockpiles this year

Oil held a gain after U.S. crude inventories fell the most since December, signaling the prospect for near-term supply tightness.

Goldman increases gold forecast to $3,300 an ounce by year-end

Goldman Sachs Group Inc. ramped up its gold price forecast to $3,300 an ounce by year-end, citing stronger-than-expected central bank demand and solid inflows into bullion-backed exchange traded funds.

What Canada’s 300% tariff on dairy imports actually means

In the growing dispute between the U.S. and Canada over trade, U.S. President Donald Trump has singled out for particular complaint steep levies Canada has on the books for imported dairy products, calling them “anti-American farmer.”

Global auto industry stocks slump as 25 per cent tariff on U.S. imports looms

Automaker stocks slumped after Trump said that he would impose 25 per cent tariffs on all vehicles and foreign-made auto parts imported into the United States.

Copper prices have soared as the U.S. threatens tariffs on the metal and China boosts its economy

Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal.

Oil gains as industry report points to drop in U.S. stockpiles

Oil rose after an industry report signaled a chunky decline in U.S. crude stockpiles, while the market weighed the prospect of a Russia-Ukraine ceasefire in the Black Sea.